Fenergo CLM for SalesforceⓇ puts Relationship Managers in the driving seat of the client onboarding journey, providing them with insight into and oversight over the entire end-to-end client onboarding process.

The Future of Blockchain Based KYC Utilities

Manual post section

The Future of Blockchain Based KYC Utilities

Up until three years ago, the concept of Know Your Client (KYC) utilities struck a chord with capital markets firms across the global financial services industry. However, multiple utilities with little crossover and slow momentum stalled their development into a viable technology and business model.

Regulatory compliance remains onerous, being heavily dependent on the collection, processing and management of client and counterparty data, documentation and agreements to comply with local and global anti-money laundering (AML), KYC, regulatory and tax-compliance processes. This impinges on the cost of compliance, client-onboarding times and the overall client experience.

Now with blockchain on the immediate banking horizon, there is an opportunity to see how distributed-ledger technologies can revolutionize KYC utilities.

Fenergo’s recent webinar with WatersTech provided a number of interesting insights on the critical success factors for blockchain-based KYC utilities.

This webinar features experts from the financial services industry, as well as technologists and KYC utilities and explores specific technology and operational benefits that KYC utilities offer capital markets firms.